Oil rises on expectations OPEC agreement to freeze production volumes

The world prices for oil at the auctions on Monday have begun confident growth against the possible adoption by the OPEC agreement to freeze production.

The oil rally. Not very optimistic predictions for the cost of raw materials

According to the trading 08.20 Moscow time the price of January futures for North sea petroleum mix of mark Brent has grown on 1,45% and has made 47,54 per barrel.

At the same time the cost of January futures for WTI oil rose by 1.49% and reached 47.05 USD per barrel.

Recall that at the end of September this year, OPEC agreed to limit production in the range of 32.5-33 million barrels of oil per day, with quotas for each country are not yet installed.

The final decision on the agreement should be made on the official OPEC meeting on November 30 in Vienna.

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